On Wednesday, September 19, 2018, a decision was issued to amend the executive regulation related to the law of obtaining Turkish citizenship, and it was announced in the Official Gazette.
The decision included new changes and amendments to the conditions for obtaining Turkish citizenship, as follows:
- Purchase a property worth $250,000 instead of $1 million and maintain it (do not sell it) for 3 years
- A fixed investment of $500,000 instead of $2 million
- Provide job opportunities for 50 Turkish citizens instead of 100 Turkish citizens
- The requirement for deposits in Turkish banks has been reduced to $500,000 instead of $3 million for 3 years.
If one of these conditions is met, you are officially eligible for Turkish citizenship. These amendments are part of the Turkish government’s facilitation for investors to obtain citizenship in exchange for investment in Turkey.
Also, do not forget that in addition to these conditions, you can come to Turkey and invest in it by establishing a company in Turkey to obtain a work permit, also called a work residency, and maintain it for 5 consecutive years, which also grants you Turkish citizenship.
(Copy of the official decision)
